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GE Awarded Steam Turbine Contract In Saudi Arabia
Monday, May 17, 2010 - 11:03am | 209GE (NYSE: GE) announced today that it received a contract of nearly $300 million to supply five steam turbines for a major expansion of the Saudi Electricity Company’s Qurayyah Open Cycle Power Plant in Saudi Arabia’s Eastern Province. The five steam turbines will join 15 GE F-technology gas...
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Puts Purchased on General Electric
Monday, May 17, 2010 - 10:27am | 76Shares of General Electric (NYSE: GE) are off by 0.57% today, currently trading $17.54. The company is also seeing some put buying as well, with the June $17 put being purchased over 12,500 times. Open interest on that strike is 66,635 contracts. General Electric has now broken through the 50-day...
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International Sales Increasingly Supply Earnings Growth 05-14-2010
Friday, May 14, 2010 - 6:57pm | 853Cusick's Corner In 2009 the Euro averaged around $1.39 and many US companies created profit targets based somewhat around that level (some higher, some lower and not all are hedging the exchange rates). Now that the Euro (ECM10) is currently around 1.24 and has dropped over 13% since the beginning...
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McDermott International Sees Bullish Options Action
Friday, May 14, 2010 - 12:50pm | 65Despite the decline in oil prices, oil services firm McDermott International (NYSE: MDR) is seeing some bullish options trade today with the purchase 10,000 August 27 calls and the sale of the same amount of August 31 calls. The bullish call spread has options volume in McDermott soaring to eight...
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GE And CNOOC To Set Up Private Equity Fund (GE)
Friday, May 14, 2010 - 10:29am | 131General Electric Co. (NYSE: GE) and China National Offshore Oil Corp. are mulling setting up a $439 million private equity fund. Both the companies will be equal partners in the fund. According to the China Daily, the fund will be used for investments in several sectors including domestic and...
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US Stocks Tumbled Yesterday, Led By The Consumer-Discretionary Sector
Friday, May 14, 2010 - 5:13am | 273US stocks plunged yesterday in the wake of disappointing earnings guidance and results reported by the consumer-discretionary sector retailers Kohl's (NYSE: KSS) and Urban Outfitters (NASDAQ: URBN). Additionally, a positive outlook from Cisco Systems (NASDAQ: CSCO) could not revive investor...
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GE Healthcare Forms Alliance With Genomic Company, CardioDx
Thursday, May 13, 2010 - 10:06am | 130GE Healthcare, the healthcare business of GE (NYSE: GE) and CardioDx, a pioneer in cardiovascular genomic diagnostics, announced today that the companies have entered into a strategic alliance to advance and co-develop diagnostic technologies to improve the care and management of patients with...
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Wednesday Morning’s Options Volume Leaders
Wednesday, May 12, 2010 - 12:13pm | 167The overall market is making another push higher today, currently the S&P 500 (NYSE: SPY) is higher by nearly 10 points to 1166. The CBOE Volatility Index (CBOE: VIX) is also is full decline mode; it is currently off 9.99% to 25.49. Here is this morning’s Options Volume Leaders… 1. Baidu Inc...
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Options Volume Leaders at the Close
Tuesday, May 11, 2010 - 5:41pm | 177The market gave up the gains it had going for itself midday, but still managed to close largely flat on the session. The S&P 500 was off 0.34%, the DJIA was down 0.34% as well, and NASDAQ was higher by 0.03%. The CBOE Volatility index closed lower on the session by 1.80% to 28.32. Options...
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Tuesday Morning’s Options Volume Leaders
Tuesday, May 11, 2010 - 11:12am | 178The overall market is currently trading slightly lower on the session, the S&P 500 off 4 points; this seems like a reasonable give back considering the strong upside movement that was seen yesterday. It appears that with the Euro contagion currently kicked down the road investors are able to...
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Company News for May 11, 2010 - Corporate Summary
Tuesday, May 11, 2010 - 9:30am | 197• Fluor (NYSE:FLR) reported better-than-expected first quarter earnings of 76 cents. Revenue was $4.9 billion, which fell shy of Street estimates of $5.1 billion. • Legg Mason (NYSE:LM) posted fiscal fourth quarter earnings, which were 4 cents better-than-expected, at 39 cents. Revenue was $671...
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Ireland, Indonesia, and USA ETFs Launched by iShares
Monday, May 10, 2010 - 9:35am | 718iShares launched three new single-country ETFs last Friday, May 7, 2010: iShares MSCI Ireland Capped Investable Market Index Fund (EIRL), iShares MSCI Indonesia Investable Market Index Fund (EIDO), and iShares MSCI USA Index Fund (EUSA). EIRL is the only Ireland-focused ETF currently available to...
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How I'm Buying Into the Market Correction
Monday, May 10, 2010 - 9:15am | 1368A wise man once said "be fearful when others are greedy and greedy when others are fearful" and this can't be more true in the world of derivatives. When fear or Volatility increases in the market, option premiums soar and easy money can be made. In this post I will explain how I am taking...
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This Morning’s Option Volume Leaders
Friday, May 7, 2010 - 11:10am | 129After a rocky start at the open, the market is selling off hard once again this morning. The S&P 500 is off by 20.33 points to 1107.82. The CBOE Volatility index is spiking up again today to 38.63 as well, up 17.77% on the session. Here’s you’re top five options volume leaders this morning… 1....
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Stock Market News for May 7, 2010 - Market News
Friday, May 7, 2010 - 9:45am | 482It was a bad day on the Wall Street Thursday. An apparent trading error exacerbated selloff in U.S. stocks, sending the Dow Jones industrial average to its biggest one day drop ever and leaving traders stone-faced. Although the blue-chip average managed to reclaim about two-thirds of the losses,...